First Hawaiian Bank Has $686.02 Million Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

First Hawaiian Bank lowered its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 13.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,253,623 shares of the company’s stock after selling 202,772 shares during the period. iShares Core S&P 500 ETF accounts for approximately 23.1% of First Hawaiian Bank’s investment portfolio, making the stock its biggest holding. First Hawaiian Bank’s holdings in iShares Core S&P 500 ETF were worth $686,020,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Eukles Asset Management grew its stake in shares of iShares Core S&P 500 ETF by 126.9% in the 4th quarter. Eukles Asset Management now owns 59 shares of the company’s stock worth $28,000 after buying an additional 33 shares during the last quarter. Burkett Financial Services LLC bought a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at $31,000. Thompson Investment Management Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the 1st quarter worth about $37,000. Covestor Ltd grew its position in iShares Core S&P 500 ETF by 321.1% during the 1st quarter. Covestor Ltd now owns 80 shares of the company’s stock valued at $42,000 after purchasing an additional 61 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at about $44,000.

iShares Core S&P 500 ETF Stock Down 1.9 %

Shares of NYSEARCA IVV traded down $10.28 during midday trading on Friday, hitting $535.77. The stock had a trading volume of 5,429,262 shares, compared to its average volume of 5,090,215. The business’s 50 day moving average is $547.08 and its 200-day moving average is $523.78. iShares Core S&P 500 ETF has a 52 week low of $411.02 and a 52 week high of $568.24. The company has a market cap of $462.32 billion, a P/E ratio of 25.23 and a beta of 0.99.

iShares Core S&P 500 ETF Profile

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market.